What do Jawbone, Proteus Digital Health and Theranos have in common?
February 25, 2015

Founders' Note

What do Jawbone, Proteus Digital Health and Theranos have in common? They’re all currently valued at over $1B. An unprecedented number of companies have now hit the prestigious $1B mark, and we’re pleased that the maturing market has put these great health companies on this list. Let’s see what we can do in the coming years to help today’s best emerging digital health companies join them! Please join our mission to build the next generation of Healthcare Transformers™.

-- Steven Krein and Unity Stoakes, co-founders of StartUp Health

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#latest

For the best patient care, health technology needs a human touch. In the latest episode of StartUp Health NOW Julie Murchinson, CEO of Health Evolution Summit, provides insight into how innovators, philanthropists and policy makers are making massive health disruption together.

Join StartUp Health’s exclusive group of Angel investors. Become a member of StartUp Health’s AngelList Syndicate focused solely on digital health pioneers and get access today.

Want to join our mission to transform health every day? StartUp Health is hiring batteries-included team members passionate about helping entrepreneurs who are reinventing healthcare. Apply today.

#headlines

Startup funding is becoming more geographically diverse than ever before. Growth-focused startups are expanding throughout the nation according to new research. With big players (and StartUp Health investors!) Steve Case and Brad Feld backing companies outside of Silicon Valley and NYC, it’s no surprise that smaller cities are booming with funding. Harvard Business Review

The FDA announced a new plan for medical device surveillance using big data. The organization plans to use public and private resources to track device output and better analyze which health tech tools are effective for consumers once they go to market. FDA Voice

Venture funds are on the hunt for the next billion dollar business with record breaking numbers of their own. Last year, 38 private companies were valued at over $1B with more expected in 2015. So how can the investors keep on investing? VC firms raised $30B last year to support new ventures — a number not seen since 2007. New York Times

Smartphones have the capability to make microscopes available to a wider audience. Custom apps now give users high enough quality images for quantitative analysis according to a UC Berkeley study, which is fantastic news for innovators in areas where microscopes are not readily available. iMedical Apps

Genetic testing company 23andMe won FDA approval to screen for Bloom Syndrome. After over a year of being barred from sending out its original product, which included screening for over 250 diseases and conditions, 23andMe is hopeful that the new ruling signals a deregulated future. VentureBeat

#academy

Respiratory tracking app Cohero Health is integrating with Apple Watch to engage with a new patient audience. Cohero Health CEO Melissa Manice thinks the consumer-friendly device can help destigmatize chronic illness and help asthma sufferers lead healthier lives. Wired

The reimagination of healthcare depends on entrepreneurs, but startups can face many challenges in the space. Through coaching and connections, StartUp Health is supporting digital health innovators and empowering the startups transforming our lives. Fortune

Mobile patient intervention solution Vheda Health landed a $100,000 grant to partner with the University of Maryland. The new partnership will allow the startup to expand its work with high risk patients. Smith Business News

Wellthie — a consumer engagement platform for insurance companies — partnered with HealthyCT. Connecticut residents using the state’s insurance exchange can now use Wellthie to explore their options in depth before signing up. LifeHealthPro

StartUp Health Academy

For entrepreneurs who are transforming healthcare, StartUp Health Academy is a global, long-term coaching program and trusted peer network focused on increasing the equity value of its startups.

#events

Digital Health Takeover at SXSW!
March 13-17, Austin,TX
Looking for more digital health in your SXSW schedule? You’re in luck! We’ve got an incredible lineup of digital health events in Austin this year and can’t wait to see you there.

Meet StartUp Health in Toronto: Global Trends in Digital Health
March 26, Toronto, ON
Join StartUp Health’s Unity Stoakes and explore the rapid globalization of digital health at Toronto’s MaRS Discovery District. StartUp Health entrepreneurs Alexandra Brown from AprilAge and Daniel Penn from Shift Health will also take the stage to talk about global opportunities for Healthcare Transformers. Confirm your attendance here!

We Can’t Wait for You to Join StartUp Health at HIMSS15!
April 12-16, Chicago, IL
Trying to amp up your digital health startup? Register for the StartUp Health Bootcamp for an interactive workshop focused on increasing the equity value of your company. Already attending HIMSS15? Make sure to meet the entrepreneurs reimagining healthcare at the StartUp Health Pavilion in the HX360 exhibit hall.

For more digital health events, visit our website.

#insights

So far, digital health companies have raised $840M in 2015, according to StartUp Health Insights. Here are a few of the most recent deals:

Counterfeit drug tracking startup TraceLink led funding this week with $20M from Volition Capital and others. The company’s cloud-based network tracks 80,000 manufacturers, distributors, pharmacies and providers to analyze the origins of imitation medications. Boston Business Journal

Telemedicine platform Avizia raised $4M to expand its operations and workforce. The startup deploys hi-def screens to hospitals for digital consults and wants to increase its users through new specialities including cardiology. MedCity News

Telepharmacy startup PipelineRX landed an undisclosed investment from California HealthCare Foundation to grow its services in rural hospitals. The company aims to help solve the high rate of medication errors occurring in low-population areas. MedCity News

Digital Health Funding Annual Report 2014

Per the StartUp Health Insights report, 2014 was a record year for digital health, with over $6.5B invested in more than 450 digital health companies. 

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